Definitions for "Direct Credit"
Keywords:  bacs, society, ltd, electronic, ach
Direct credit is typically a generic term used to describe an electronic payment from one business to another business or individual. The term is also used by BACS Ltd in the UK, referring to the electronic payments service they operate as part of the ACH (automated clearing house) function.
Direct Credit is the means by which an organisation can transfer funds electronically, directly into a specified Bank or Building Society to make payments to accounts of individuals or companies.
An electronic payment processed by BACS Payment Schemes and made direct to a bank or building society.
Keywords:  anz, dito, eca, dit, espa
A financing arrangement (buyer or supplier) provided directly by an ECA to the importer or exporter as borrower. Français: Crédit direct Español: Crédito directo
a credit to your ANZ account that you arrange through a merchant or other service provider (eg
a transfer of funds to your account from another organisation